January 27, 2016

This material was filed under
[ General Employees Pension Board - Meeting Minutes ]
January 27, 2016

TOWN OF INDIALANTIC
Brevard County, Florida
GENERAL EMPLOYEES PENSION BOARD OF TRUSTEES
MINUTES NO. 16-06
January 27, 2016 10:00 a.m.
MINUTES OF A GENERAL EMPLOYEES PENSION BOARD MEETING HELD IN THE INDIALANTIC TOWN HALL ON JANUARY 27, 2016

PRESENT: Karen Turja, Chairperson
Lorraine Schulte, Vice Chairperson
Amanda Konstant, Member
Victoria Twitty-Mercer, Member
Jennifer Small, Secretary

1. CALL TO ORDER

Chairperson Turja called the meeting to order at 10:00 AM.

2. APPROVAL OF MINUTES

A. Minutes 16-05 – December 16, 2015

Ms. Twitty-Mercer moved to approve the minutes 16-05. Ms. Konstant seconded. Motion carried unanimously.

3. OTHER BUSINESS

A. Discussion and action on investment options for Florida League of Cities.

Paul Shamoun from the Florida League of Cities gave the Board an Asset Allocation Analysis to help them make their decision of how to invest.

After some discussion, Ms. Schulte moved to approve allocating the assets 60/40. Ms. Konstant seconded. Motion carried unanimously.

B. Discussion and possible action to change actuaries.

Mr. Shamoun advised the Board not to switch actuaries until the end of the fiscal year.

Ms. Schulte moved to change the actuary to the FLOC actuary at the end of the fiscal year. Ms. Konstant seconded. Motion carried unanimously.

C. Determine dates and time for future meetings.

The Board agreed on the dates of February 25, May 26, August 25 and November 17 for meetings held in 2016. The meetings will be held at 10 am.

D. Approval of invoice #8208 from Foster & Foster in the amount of $9,235.00.

Ms. Schulte moved to approve invoice #8208. Ms. Konstant seconded. Motion carried unanimously.

4. PUBLIC COMMENT

There were no public comments.

5. ADJOURNMENT

The meeting adjourned at 10:50 am.

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Karen Turja, Chairperson

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Jennifer Small, Secretary